MMK Growth Prospects - Magnitogorsk Iron & Steel Works
MMK Growth Prospects - Magnitogorsk Iron & Steel Works
MMK Growth Prospects - Magnitogorsk Iron & Steel Works
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Global <strong>Steel</strong> Industry Highlights<br />
World <strong>Steel</strong> Production, mln tonnes<br />
Finished <strong>Steel</strong> Production/Consumption in China, mln tonnes<br />
1 000<br />
750<br />
500<br />
250<br />
0<br />
656<br />
787 810<br />
574<br />
627<br />
ROW<br />
China<br />
2009 2010 2011Е<br />
685<br />
800<br />
700<br />
600<br />
500<br />
400<br />
300<br />
200<br />
100<br />
0<br />
-100<br />
632<br />
657 677 680 685 690<br />
602 620 630 639 649<br />
576<br />
573<br />
535<br />
-24 -24 -25 -26 -27 -28 -29<br />
2009 2010 2011E 2012E 2013E 2014E 2015E<br />
Production Consumption Export<br />
Source: WSA, Nomura<br />
World <strong>Steel</strong> Consumption, mln tonnes<br />
Apparent <strong>Steel</strong> Consumption <strong>Growth</strong>, % y-on-y<br />
1 500<br />
1 400<br />
1 300<br />
1 200<br />
1 100<br />
World steel consumption<br />
continues to grow<br />
1 215 1 207<br />
1 119<br />
15%<br />
1 284<br />
6%<br />
1 359<br />
6%<br />
1 441<br />
40%<br />
35%<br />
30%<br />
25%<br />
20%<br />
15%<br />
10%<br />
5%<br />
38%<br />
33%<br />
10% 11%<br />
10%<br />
7%<br />
Russian market demonstrates the<br />
highest growth rates<br />
24%<br />
6% 7% 6%<br />
5% 4%<br />
5% 5% 4%<br />
1 000<br />
2007 2008 2009 2010 2011E 2012E<br />
0%<br />
Russia NAFTA EU-27 China Middle East<br />
2010 2011E 2012E<br />
Source: WSA<br />
Source: WSA, Nomura<br />
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